DislikedOil is headed to a price which will ration new consumption until new supplies can be found and developed and guarantee a return on investment. There is not any investment in meeting the demand in 2 to 7 years; it must be started now if it is materialize. $150 is clearly on the near term horizon(6 months to a year), but $300 dollars a barrel is in the cards.
Ty Andros
If he truly believes Oil will be at $150/barrel by October or even more outlandishly it will arrive at $300/barrel someday his position against the dollar should be massive.
So - for me to even read his opinion I'm going to need to know how large is position is against the dollar?
If you want an opinion how about this one.
Bill Gross, the manager of the world's largest bond fund, the $129 billion Pimco Total Return Fund, has turned negative on the euro for the first time since its inception in 1999. According to the article, Gross's firm, Pimco, believes that according to purchasing power parity, a measure used to account for differences in exchange rates across countries, the euro is overvalued by 30%. (Euro has come off since this article)
What jumps out at your when you read that snippet on Gross? That's right, that number isn't a misprint ($129 BILLION). So when Bill opens his trap - I'm listening.
You see - Bill and his peeps are buying the dollar. You want to bet against him and Soros?
Seems like a safe bet.
Gross or Andros?
Soros or Andros?
Goldman's Quants or Andros?
I bet Andros manages 10 times what I mange.
Me or Andros?
On this one - I'm going with me and those two dudes Soros and Gross.Ignored
Maybe look at this video and decide what will happen with the dollar:
Inserted Video
Thanks
Pippin ain't easy, but it sho is fun!